Managerial Economics and Financial Accounting
Reference : 1. . Engineering Economics and Financial Accounting by A. Ramachandra Aryasri and Ramana Murthy , Tata McGraw-Hill
2 Managerial Economics and Financial Analysis by S. A Siddiqui, , New Age international Publishers.
Orgin of Economics : Our activities to generate income are termed as economic activities, which are responsible for the origin and development of economic as subject.
Economics was originally

Economics provides students with a set of analytical skills that are applicable in a wide variety of settings and are valued by many employers, even in areas that appear only remotely related to a narrow definition of economics. The market for individuals with both undergraduate and graduate degrees in economics is robust and tends to be less cyclical than the market for students with many other degrees.
Career opportunities for economics majors are similar to those for finance and management majors

How People Make Economic Decisions
Amy Palacios
April 21, 2013
ECO/212
Reynaldo Caratao
How People Make Economic Decisions
This paper will focus on the role of economics on decision-making. It will further explore how every individual applies both consciously and unconsciously the economic principles as they make decisions in their practical life. To further strengthen the concept presented, the paper will also include examples of decisions that are based on marginal benefits

Economics
Economics is something that has been around from the beginning of an established government, but economics has a meaning of its own. Economics is the study of how people choose to use resources in their environment. Resources like the time and talent people have available, the land, buildings, equipment, and other tools on hand, and the knowledge of how to combine them to create useful products and services. Economics is also about what all the country should produce. Knowing what is

The thing that I really like in economics is that the knowledge that you can obtain from it can be use in your daily life. It is true that some of the concepts in economics can be understood better by using graphs or models but most of the things that I learned from it can be simply observed in an ordinary place if you will just be observant. In fact, we are already applying some of its concepts even if we don’t have any background of it. It is applied by everyone. For example, a vendor in a market

are true or false:
a. The economic maxim "there is no cash on the table" means that there are never any unexploited economic opportunities.
False. There are unexploited economic opportunities in the short run because the attraction of positive economic profit.
b. Firms in competitive environments make no accounting profit when the market is in long run equilibrium.
False. Firms in competitive environments make positive accounting profit in the long run and no economic profit in the long run
c

Economic interdependence leads to peace. Discuss this statement using international relations theories.
The relationship between two or more nations or states which are somehow dependent on each other for crucial goods or services is known as economic interdependence. It usually occurs when both nations are specialized in one particular requirement and they both must trade with each others for unmet requirements. There are three types of perspective that shall be use to explain economic interdependence

because it results in the opportunity cost of lost production, as well as increased social welfare payments and a loss of taxation revenue.
* Australia has a lower rate of unemployment than most industrialized economies, reflecting its sustained economic growth over the past two decades
8.2 Measuring the level of unemployment
The labour force
The labour force can be defined as that section of the population15 years of age and above who are either working or actively seeking work. Therefore, the

aggregate supply and demand
Assessing and evaluating these areas could potentially raise the economic status quo.
Increase/Decrease of Taxes- Keynesian and Classical Views
The increase or decrease of taxes has a different impact dependent of the viewpoint. Keynesian theory would suggest not to raise taxes during an economic downtimes. The economics believe raising the taxs will hurt economic growth, thus, making debt even harder to manage or control. Using a Keynesian view, one would argue